Embattled Victorian recycling company declared insolvent by Supreme Court

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The company at the centre of Victoria's recycling crisis will be wound up after being declared insolvent in the Supreme Court today.

The company at the centre of Victoria's recycling crisis will be wound up after it was declared insolvent in the Supreme Court of Victoria.It earlier warned 400,000 tonnes of recycling could end up in landfill if it went underSKM Recycling owes 15 creditors more than $5 million and afterA liquidator will now be appointed to refund the creditors.Nine other creditors were seeking more than $1.7 million collectively.

Lawyer Michael Gronow QC told last week's court proceedings it was"likely creditors would get zero" if the company was wound up.

 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।

Scotty smirking and of course told everyone on seven news last night he will fix the recycling industry. Well here's his chance!

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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इंडिया ताज़ा खबर, इंडिया मुख्य बातें

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